The price of Ethereum is a struggle for resistance: The tough road ahead

Ethereum Price had a hard time continuing over $ 3,220. ETH is currently integrating the loss and may face resistance near the $ 3,220 zone.

Ethernereum has begun a new decrease below the $ 3,120 zone. The price is below $ 3,180, trading a simple moving average of 100 hours. ETH/USD’s time chart (data feed via Kraken) has an important bear trend line that forms a resistance of $ 3,220. The pair may start a different decrease if it falls below the $ 3,200 level.

The price of Ethereum faces resistance

The Ethereum price has begun a new decline, below the $ 3,180, as in Bitcoin, below $ 3,180. ETH was below the $ 3,050 level before the bull appeared.

The low price was formed at $ 3,021, and the price has recently been fixed. There was a movement that exceeded the level of $ 3,120 and $ 3,150. The price has risen beyond the 23.6 % FIB retribution level of the downward movement, from a high price of $ 3,425 to the $ 3,020 swinglower.

However, the bear was below the $ 3,200 resistance. The Ethereum price is currently below $ 3,200, trading a simple movement average of 100 hours. The ETH/USD hourly chart has an important bear trend line with a resistance of $ 3,220.

The advantage is that the price is facing a hurdle close to $ 3,180. The first major resistance is close to the level of $ 3,200 and the trend line. The main resistance is currently formed near $ 3,220, and the 50 % FIB retracement level is a downward movement from $ 3,425 to a low swing of $ 3,020.

A clear movement exceeding the $ 3,220 resistance may turn the price to $ 3,320 resistance. Up -facing breaks exceeding $ 3,320 may require more profits in future sessions. If it is listed, the ether may rise to $ 3,450 resistance zones, even $ 3,500.

Another decrease in ETH?

If EtherEum cannot clear $ 3,200 resistance, another decrease may start. The first support for the drawback is close to $ 3,0750. The first major support is near $ 3,050.

A clear movement that is less than $ 3,050 can push the price to $ 3,020 support. More losses may send prices for $ 3,000 in the short term. The next key support is $ 2,950.

Technical index

HOURLY MACD -ETH/USD’s MACD has lost its momentum in the bearish zone.

Hourly RSI -ETH/USD RSI exceeds 50 zones.

Main support level -$ 3,050

Main resistance level -$ 3,220